New York, NY (AHN) - Futures turn green on reports that lawmakers may formulate a bailout plan for auto sector and President-elect Barack Obama vows to revive the economy with a massive renewed infrastructure investment. The stocks on Wall Street are likely to start higher and remain strong on Monday due to positive sentiment as the new administration is planning to increase funds for roads, bridges and public buildings to create or preserve 2.5 million jobs. At 7:19 a.m. EDT in New York, S&P futures were trading up by 24.00 points or 2.75 percent at 896.40 points, NASDAQ futures was moving down by 29.25 points or 2.48 percent at 1,207.25 points. At the same time, the Dow was trading up at 199.00 points or 2.31 percent at 8,811.00 points. Investors will look closely at the market reaction on automakers' fate on Capitol Hill as the Detroit's Big Three companies (General Motors Corp. (GM), Ford Motors Corp. (F) and Chrysler LLC) try to gain more fund from the government to save themselves from filing bankruptcy. Shares of General Motors Corp., the biggest U.S. automaker, gained by as much as 25 percent to $5.09 in Frankfurt trading and Ford Motor Co., the second-biggest, increased by 21 percent to $3.28 as the policymakers prepare details of legislation to bail out ailing auto companies. Oil futures was moving closer to $45-a-barrel mark as a light sweet crude-futures barrel for January delivery rebounded and moved up by $2.45 to $43.26 a barrel in electronic trading on Monday. On Friday, the contract ended at a four-year low price of $40.81 a barrel in overnight trading on the New York Mercantile Exchange on overall mixed sentiment ahead of OPEC meeting on Dec.17. In currency trading, the yen lost grounds and changed hands at 93.27 yen per U.S. dollar in Asia on Monday, after it closed at 93.34 yen late Friday in New York.

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